Buying or selling a home is one of the most significant purchases/sales you will make in your life. A real estate lawyer can help you avoid common problems, explain/revise standard forms such as extensive purchase agreements, and explain tax consequences of the transaction. Even if you don’t think you need a lawyer for negotiations, they can serve as a resource on your side to walk you through the small but important details.
APR stands for annual percentage rate. It is the amount of interest on your loan amount you will pay each year.
Sellers typically have to think about real estate agent commission, loan payoff costs, transfer taxes, and title insurance fees. Buyers typically need to consider the down payment, home inspection, closing costs, and cash reserves.
Business law pertains to the laws regarding how to start, buy, operate and sell any business.
Examples of situations where you should definitely hire a lawyer are if you were to be sued by a former employee or investigated by local, state or government entities, if you want to make a “special allocation”, any sort of environmental issue, sale of your company/acquisition of another.
You should always consider a lawyer for preventative measures, ensuring you avoid any of these issues if possible. If you are starting a new business, consider your attorney as an expert guide.
Some general factors you should consider are number of owners, liability to customers, your industry, tax treatment, ability to raise capital, and ease of formation.
A will is a legal document that states how your properties and assets will be distributed if you pass away. As soon as you get married, have kids, or start to accumulate assets it is important to get a will.
The major requirements for making a will are being a mentally competent legal adult, and having it signed by yourself in the presence of two valid, disinterested witnesses. The document also must clearly state your intention to use the document as your will.
You can only contest a will if you have legal standing (you will be personally affected by the outcome of the case), file the will contest within a timely matter, and if you have grounds to contest. There are 4 grounds in which you can contest a will.
a) The will wasn’t legally signed
b) The decedent (person who formed the will) lacked mental capacity
c) The decedent was wrongly influenced while making the will
d) The will is fraudulent